BREAKING: Iran's IRGC announces that it is officially closing the Strait of Hormuz "until further notice."
The announcement came after Iran fired a warning shot at a vessel which it said was attempting to cross the Strait of Hormuz without authorization.
🚨Market Impact
🛢️ Crude Oil
Strait of Hormuz Closure Sparks Supply Shock Fears; Crude Oil Braced for Massive Monday Gap-Up
Energy Markets on Edge: Iran's IRGC Blockade Sets Stage for Aggressive Oil Price Surge at Market Open
Global Shipping Chokepoint Blocked: Crude Futures Skyrocket as Geopolitical Premium Infiltrates Energy Desk
🟡 Gold
Energy Crisis Resurges: Why Shock Inflation Fears Could Trigger a Deep Gold Gap-Down
Hawkish Fed Risks Loom Over Safe-Havens: Stronger Dollar Set to Press Gold at Market Open
Liquidity Crunch vs. Safe-Haven Narrative: Gold Braced for Volatile Sell-Off Amid DXY Dominance
Dash for Cash: Gold Braced for Initial Drop as Institutional Margin Calls Trigger Commodity Liquidation
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